StockNews.com upgraded shares of Utah Medical Products (NASDAQ:UTMD – Free Report) from a buy rating to a strong-buy rating in a report released on Wednesday morning.
Utah Medical Products Price Performance
Utah Medical Products stock opened at $64.09 on Wednesday. The stock’s 50-day moving average is $66.17 and its 200-day moving average is $67.37. The company has a market cap of $223.03 million, a price-to-earnings ratio of 15.01 and a beta of 0.08. Utah Medical Products has a 12 month low of $63.38 and a 12 month high of $87.86.
Hedge Funds Weigh In On Utah Medical Products
A number of large investors have recently modified their holdings of UTMD. Copeland Capital Management LLC purchased a new stake in shares of Utah Medical Products during the 3rd quarter valued at about $53,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Utah Medical Products during the 2nd quarter valued at about $83,000. Victory Capital Management Inc. raised its holdings in shares of Utah Medical Products by 124.4% during the 2nd quarter. Victory Capital Management Inc. now owns 2,673 shares of the medical instruments supplier’s stock valued at $179,000 after buying an additional 1,482 shares during the period. EntryPoint Capital LLC raised its holdings in shares of Utah Medical Products by 124.1% during the 1st quarter. EntryPoint Capital LLC now owns 3,240 shares of the medical instruments supplier’s stock valued at $230,000 after buying an additional 1,794 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Utah Medical Products during the 3rd quarter valued at about $304,000. 69.60% of the stock is currently owned by hedge funds and other institutional investors.
About Utah Medical Products
Utah Medical Products, Inc develops, manufactures, and distributes medical devices for the healthcare industry worldwide. It offers fetal monitoring accessories, vacuum-assisted delivery systems, and other labor and delivery tools; DISPOSA-HOOD infant respiratory hoods; and DELTRAN PLUS blood pressure monitoring systems.
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